Y'all need to relax, ya gonna have a heart attack

[spectre71]

Target (BTC) fixation runs deep in the BTC circles like no other markets or pressures exist.

The day ETF were approved both Gold and Silver took a hit, Grayscale is leaking billions and shitcoins are taking a hit across the board.

BTC ETF's exceeded silver ETF's in the first week, that's big.

Mt Gox is slated to drop 200k BTC soon.

This isn't a correction, this is a redistribution of assets. Money is being queued up to enter the ETF market. The big boys don't move fast they will sit back with their money (AMMO) and enter the fight when things start to shake out. Why buy now when it's dropping? Let it keep going then enter the market softly as not to overheat it and trigger fomo.

The big boys have boards and oversight to contend with. They don't buy in a day it could take months for their money to move. Lot's of due diligence has to be exercised.

I suspect some were hopped up on youtube and reddit shills (big names but almost always wrong) and now they didn't get the X factor they were "promised" they had to bail and make rent.

My speculation?: Big smart money hasn't even walked in the locker room yet to get suited up. Halving is about 3 months away with an anticipated peek in about 9 months. What is halving? Great time to take peoples money and secure profits. Bitcoin has one foot in it's big boy pants now, money will start to flow in dwarfing the halving bull run mania. I don't have a number, it would be bullshit but I am pretty sure it's going to up and to the right this time next year.

Speculation #2: Elections, wars and shenanigans. Russia could launch a nuke, China could invade Taiwan. Israel could nuke Tehran (wish they would),Pakistan could nuke Iran. However this is way more possible under our current limp dick president.  But with Trump looking fairly eminent to be re elected president it probably won't happen. With canidates bowing out the markets set records know that good times are coming back for everyone.

[NeuroticFish]

Everybody who cares about his hearth and his sanity should only look at charts containing at the big picture, i.e charts for a couple of full years.
All the rest is noise.

And btw, the MtGox bitcoins comes to the news every single time the conditions look good for scaring the newbies/weak hands off once again. Elections and war only make the fiat weaker which should be good for Bitcoin.
But some might have been thinking that bitcoin is a get-rich-quick scheme, and those may deserve to be scared off, you know...

[Zanab247]

My speculation?: Big smart money hasn't even walked in the locker room yet to get suited up. Halving is about 3 months away with an anticipated peek in about 9 months. What is halving? Great time to take peoples money and secure profits. Bitcoin has one foot in it's big boy pants now, money will start to flow in dwarfing the halving bull run mania. I don't have a number, it would be bullshit but I am pretty sure it's going to up and to the right this time next year.

Is no longer a new thing that bull run will flow this year till next year 2025 which many people have prepared by continue hodling  the Smart coins that will bring good results to them before the end of this year. If you have not save any money for the smart bull that is coming soon, you better find way to save any amount of money that will make you to invest in BTC which is the best coin you can invest in this season and have the opportunity to earn plenty money from your investment because there is a doubt if there will be bear run next year.

[The Sceptical Chymist]

This isn't a correction, this is a redistribution of assets. Money is being queued up to enter the ETF market.

How about ETFs and everything else?  I read an article a few days ago in the Wall Street Journal in which it said that there's a record amount of money sitting on the sidelines in money market accounts because the interest rates are so high.  I don't have a link to the story, as I read it in the print edition, so be as skeptical as you like about what I'm writing here.  The article said that all of that money is just waiting to get plowed back into the market (stock market, presumably) once interest rates start falling.

And after reading that, what immediately entered my mind was the thought "How long can this bull market go on for?".  Asset prices, whether stocks, bonds, crypto, whatever, are so high at the moment that it boggles my mind what would happen if all that dough on the sidelines did get invested into various things.

Anyway, my blood pressure is just fine.  I don't have enough skin in the bitcoin game to start pulling my hair out and constantly wondering where the market is headed.  My best guess is up, up, up....but I've been wrong many times.

[hugeblack]

Mt Gox is slated to drop 200k BTC soon.

Really, when will this happen? I have been hearing about this news for more than a year and without any confirmation or denial, we only hear word soon. This matter has turned into FUD rather than a real thing.


I think that, as in all previous years, this year is a year of accumulation for many investors, and we rarely exceed the ATH at the beginning of the year until October, from which the price begins to rise, reaching $100,000 in January and perhaps $140,000 before the middle of the year. It is true that the variables Large ones may have an impact, but since these variables are random and cannot be predicted, it is better to focus on what is available.

[BenCodie]

And btw, the MtGox bitcoins comes to the news every single time the conditions look good for scaring the newbies/weak hands off once again. Elections and war only make the fiat weaker which should be good for Bitcoin.
But some might have been thinking that bitcoin is a get-rich-quick scheme, and those may deserve to be scared off, you know...

MtGox has been used to scare the market however the deadline for full repayment is October 2024. Many of the creditors have received the email to confirm their addresses for claiming as well. Unclaimed coins may be sold to institutions, either OTC or on-market.

There have also been additional seizures lately. Over 50,000 BTC definitely, possibly over 100,000 BTC.

There is also the FTX claims and whether or not this will be paid in cryptocurrency or not, likely to be paid before October.

The public sentiment is strong however mostly ignore the facts above. A lot of market participants are also ignorant of these factors because the news of them have not effected the market much in the past. However when they actually happen, that is when everyone will be caught off guard.

200,000 BTC = $8,400,000,000 ($8.4 billion) which is phenomenal. This is first MtGox batch alone, not including if there is more, sold seizure coins, etc.

I think there will be a dip, all things considered.

[Husires]

In recent days, BlackRock alone bought about 70k BTC, while the total purchases have exceeded 100,000 Bitcoin. There is demand, and this demand will go on a decreasing curve, and the reason it does not affect the price is that they bought from the OTC market because they do not want to make the price rise, or in other words, they are still planning. To buy more, therefore, the last people to buy from it is spot market, but since the supply is limited, if demand continues at the same pace, the price will inevitably increase.

[Kemarit]

My speculation?: Big smart money hasn't even walked in the locker room yet to get suited up. Halving is about 3 months away with an anticipated peek in about 9 months. What is halving? Great time to take peoples money and secure profits. Bitcoin has one foot in it's big boy pants now, money will start to flow in dwarfing the halving bull run mania. I don't have a number, it would be bullshit but I am pretty sure it's going to up and to the right this time next year.

Isn't it what we are expecting though, yeah, the Bitcoin Spot ETF has been approved, but the real catalyst will still be the block halving this April. And with that, we still have the time to accumulate before the expected bull run. I will also agree that we will see a new all time high, the question is what numbers this year and in 2025.

Maybe this year we will see close to 6 digits and then by 2025, the full blown bull run, it could be as high as $180,000.

Speculation #2: Elections, wars and shenanigans. Russia could launch a nuke, China could invade Taiwan. Israel could nuke Tehran (wish they would),Pakistan could nuke Iran. However this is way more possible under our current limp dick president.  But with Trump looking fairly eminent to be re elected president it probably won't happen. With canidates bowing out the markets set records know that good times are coming back for everyone.

Geo-politics, but I don't think it will play a crucial role, I think you forget that in the last halving we are in the pandemic, and I think nothing could be worst than than. Almost all nation are in the lockdown and yet we thrive on those times. So I don't think that wars that we have or the proxy wars between US and other Arab states will affect how big the incoming bull run will be in 2024-2025.